Cost Estimation and Economic Analysis for Power Plants

The processes of power plant design, enlargement, and redesign must consider certain factors, such as technological scheme, basic cycle parameters, equipment configuration, and fuel type. These factors have long reached beyond the scope of the technical and physical, and must consider economic criteria. Economic indicators are fundamental when selecting a specific solution. Therefore, even at the initial stages of a project, engineering problems should be considered in parallel with the assessment of economic efficiency. In addition, a power plant is a very complex entity, and introductory capital costs cannot be the only economic criteria considered. The economic indexes over the entire lifecycle of the plant must be accounted for.

The modern world has seen extensive investment in the field of cost estimation. The approximate estimation of cost and economic efficiency of a power plant, however, is a complicated and time-consuming process. It demands a high level of knowledge and information.

In order to simplify this process, and make it available for the engineering community, SoftInWay, a leading turbomachinery solutions provider, developed the new AxCYCLE Module for Economic Analysis. This webinar will demonstrate the module and discuss its extensive capabilities and applications.

We look forward to a great webinar and your challenging questions. Please register ahead of time and if you have any specific questions, let us know during the registration so that we can try to incorporate the answers into our presentation.